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The Weir Group completed its acquisition of ESCO Corp, a surface mining ground engaging tools maker, for an estimated enterprise value of US$1285 million in Q3 2018.
The Weir Group has completed its acquisition of ESCO Corporation, effective July 12, 2018. The deal was announced in April 2018 at an estimated enterprise value of just under $1.3 billion, and ESCO will operate as a new Weir division.
Weir Group agreed to acquire US surface mining parts maker ESCO Corporation in a cash and share deal valued at US$1,285 million, announced on 19 April 2018. The transaction is expected to complete early in Q3 2018.